All Around The World, People Are Getting PAID To Borrow Money

From Catalpa Capital Advisors, a very good reminder of what
uber-low interest rates mean to markets all around the
world. Left and right, people are getting paid to borrow:

Of the 53 central banks in Bloomberg’s database, 31 have negative
real interest rates (the red dots in the chart). In the US, the
Fed funds rate remains at all‐time lows of 0.2% while inflation,
as measured by the consumer price index, is running at 2.7%,
leaving the real rate at ‐2.5%. The ECB, which itself sets policy
for 17 countries and just raised rates by a quarter point, has a
real rate of ‐1.5%. At the extreme (and off this chart),
Venezuela’s rate of 16.2% is far behind a roaring inflation of
28.7%, leaving real rates at ‐12.5%.